Available
Manchester – Portfolio of 5 Apartments
City Gate, 5 Blantyre Street, Manchester M15 4JJLeasehold 5 Apartments Residential Portfolio Investment
Price
£1,030,000
Rent P.A.
£55,920
Yield
5.43%
Tenure
Leasehold
Area
2,950 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises portfolio of 5 apartments (4 x 2-Bed and 1 x 1-Bed) within a purpose build residential complex
- All apartments held on a 150-year leases from 22nd Dec 2000, thus having 127 years unexpired
- Situated within 9 min walk from Deansgate Train Station with occupiers nearby including Restaurants, Pubs, Pharmacy, Convenience Store and many more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Apartment 238:
Comprises 2-bedroom first floor apartment, providing the following accommodation and dimensions:
GIA: 68 sq m (732 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom, Balcony
EPC Rating - C
Apartment 239:
Comprises 1-bedroom first floor apartment, providing the following accommodation and dimensions:
GIA: 46 sq m (495 sq ft)
Kitchen/Living Room, Bedroom, Bathroom,
EPC Rating - C
Apartment 291:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 56 sq m (603 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom, Balcony
EPC Rating - D
Apartment 307:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 47 sq m (506 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - C
Apartment 309:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 57 sq m (613 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - D
Comprises 2-bedroom first floor apartment, providing the following accommodation and dimensions:
GIA: 68 sq m (732 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom, Balcony
EPC Rating - C
Apartment 239:
Comprises 1-bedroom first floor apartment, providing the following accommodation and dimensions:
GIA: 46 sq m (495 sq ft)
Kitchen/Living Room, Bedroom, Bathroom,
EPC Rating - C
Apartment 291:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 56 sq m (603 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom, Balcony
EPC Rating - D
Apartment 307:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 47 sq m (506 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - C
Apartment 309:
Comprises 2-bedroom fourth floor apartment, providing the following accommodation and dimensions:
GIA: 57 sq m (613 sq ft)
Kitchen/Living Room, 2 Bedrooms, Bathroom,
EPC Rating - D
Tenancy Description
Flat 238 is at present let on AST to an Individual for a term of 12 Months from 27th July 2023 at a current rent of £12,600 per annum.
Flat 239 is at present let on AST to an Individual since 2006 (holding over) at a current rent of £9,600 per annum.
flat 291 is in the process of renewing an existing AST for a term of 12 Months at agreed rent of £11,520 per annum. Deposit held of £1,107.69.
Flat 307 is at present let on AST to an Individual for a term of 12 Months from 24th February 2023 at a current rent of £11,400 per annum. Deposit held of £1,096.15
Flat 309 is at present let on AST to an Individual for a term of 12 Months from 27th December 2022 at a current rent of £10,800 per annum. Deposit held of £1,038.46.
Flat 239 is at present let on AST to an Individual since 2006 (holding over) at a current rent of £9,600 per annum.
flat 291 is in the process of renewing an existing AST for a term of 12 Months at agreed rent of £11,520 per annum. Deposit held of £1,107.69.
Flat 307 is at present let on AST to an Individual for a term of 12 Months from 24th February 2023 at a current rent of £11,400 per annum. Deposit held of £1,096.15
Flat 309 is at present let on AST to an Individual for a term of 12 Months from 27th December 2022 at a current rent of £10,800 per annum. Deposit held of £1,038.46.
Tenancies & Accommodation
Location Description
Hulme is an inner-city area and electoral ward of Manchester, England, immediately south of Manchester city centre beyond the River Medlock. The property is situated within 9 min walk from Deansgate Train Station with occupiers nearby including Restaurants, Pubs, Pharmacy, Convenience Store and many more.
